The Indian rupee extending its southbound journey turned further weak on Monday on sustained dollar demand from importers and on the back of euro’s weakness against dollar after negotiations between Greece and its creditors broke off. The domestic currency was also weighed down by some cautious outlook of the local equity investors and continued capital outflows. Equity markets after a promising start lost considerable intraday gains by last. In the global market, the dollar traded higher against a basket of major currencies, as worries surrounding Greece continued to build.
Finally the rupee ended at 64.16, 10 paise weaker from its previous close of 64.06 on Friday. The currency touched a high and low of 64.17 and 63.99 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.08 and for Euro stood at 71.84 on June 15, 2015. While, the RBI’s reference rate for the Yen stood at 51.93, the reference rate for the Great Britain Pound (GBP) stood at 99.5717. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
